Montecito Bank & Trust doles out $1M in community grants
Montecito Bank & Trust started the giving season in style as the financial institution hosted its 22nd annual Community Dividends Luncheon on Nov. 25, the Monday before Thanksgiving, and awarded 195 local nonprofits a total of $1 million. Montecito Bank, the oldest and largest locally owned community bank in the Santa Barbara and Ventura counties, noted Read More →
Amgen’s shares down after obesity drug fails to meet expectations
MarTide, the new weight loss drug from Amgen, works. Not just well enough for Wall Street. Shares of the Thousand Oaks-based biotech giant fell 10% on Nov. 26 after it announced that MarTide’s latest trial produced a body weight reduction of up to 20%. The results disappointed Wall Street, which had expected results of up Read More →
The Trade Desk announces new OS system
One of the largest publicly traded advertising technology companies is breaking into a new space as The Trade Desk announced its plans to release a new streaming TV operating system in 2025. Aptly named after the company’s headquarters location, The Trade Desk announced Ventura on Nov. 20 and said it will partner with smart TV original equipment Read More →
Suit dismissed accusing Edison of starting Mountain Fire
A class action lawsuit alleging that Southern California Edison’s equipment sparked the recent Mountain Fire in Ventura County has been dismissed, according to the utility and the law firm which filed it. “We have confirmed that this complaint has been dismissed,” Edison said in a Nov. 19 letter to the California Public Utilities Commission. The Read More →
Central Coast unemployment rate largely unaffected in October
After finally seeing the unemployment rate dip in the month of September, the unemployment rate didn’t see much change in the 30 days after, according to the latest data from the California Employment Development Department. Released Nov. 15, the unemployment rate of the tri-counties was at 4.36% for the month of October, up very slightly from an unemployment rate Read More →
Local shops prep for Small Business Saturday, holiday season
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Our view: Remember to shop local this holiday season
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